Today is a very good day for dance on GBPUSD! Its about 6 profit signals. But i took only 2
- #5,126
- Jun 3, 2011 6:48am Jun 3, 2011 6:48am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #5,130
- Jun 6, 2011 6:55am Jun 6, 2011 6:55am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #5,132
- Jun 6, 2011 9:29am Jun 6, 2011 9:29am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
G'day Kostas,
What are the coloured rectangles on the chart, look like short term S/R zones? Are these manual or an indicator?
It's a cool indicator called "gspot" (COUGH, COUGH,
).I use it only on my M5. Based on my observations about gaps which I have described in this thread before, price tends to fill the gaps in bars, sooner or later. So, I use it with the settings (0.7, 35, 500) and when I see a gap, I keep an eye on it as an added element for direction confirmation. I do NOT use it on it's own, but when I have the CHOROS elements ready (e.g. for a long bounce) and I see a gap upstairs then I use it as an additional confirmation and/or price target.
P.S. From discussions with other traders, it seems that not everybody gets these gaps with their broker. My broker FXPro seems to be consistent in these along with some ECNs (e.g. I have confirmed with others on MB Trading and FinFx). So don't go start looking for other brokers and gaps, this is just something helpful to my trading but has nothing to do with CHOROS.
- #5,133
- Jun 6, 2011 11:41am Jun 6, 2011 11:41am
Not really.
It's a cool indicator called "gspot" (COUGH, COUGH,
I use it only on my M5. Based on my observations about gaps which I have described in this thread before, price tends to fill the gaps in bars, sooner or later. So, I use it with the settings (0.7, 35, 500) and when I see a gap, I keep an eye on it as an added element for direction confirmation. I do NOT use it on it's own, but when I have the CHOROS elements ready (e.g. for a long bounce) and I see a gap upstairs then I use it as an additional confirmation and/or price target.
P.S....
- #5,134
- Jun 6, 2011 12:28pm Jun 6, 2011 12:28pm
Not really.
It's a cool indicator called "gspot" (COUGH, COUGH,
I use it only on my M5. Based on my observations about gaps which I have described in this thread before, price tends to fill the gaps in bars, sooner or later. So, I use it with the settings (0.7, 35, 500) and when I see a gap, I keep an eye on it as an added element for direction confirmation. I do NOT use it on it's own, but when I have the CHOROS elements ready (e.g. for a long bounce) and I see a gap upstairs then I use it as an additional confirmation and/or price target.
P.S....
What's the rating of this thread?
- #5,135
- Jun 6, 2011 12:59pm Jun 6, 2011 12:59pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #5,136
- Jun 6, 2011 1:01pm Jun 6, 2011 1:01pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Gaps and gspots?
What's the rating of this thread?
- #5,139
- Jun 7, 2011 3:31am Jun 7, 2011 3:31am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
